Encon Group Inc. is bundling a virtual doctor consultation service into its group health-care product. The insurance provider is collaborating with digital health startup Maple for the new offering, which includes virtual care 24/7, 365 days a year via a smartphone or computer. The offer also includes: access to a comprehensive medical record, owned and […]
Employee benefits offerings from the Great-West Life Assurance Co. are now available on PaymentEvolution, a health and dental plan quoting service for small- and medium-sized employers. Small businesses using PaymentEvolution’s payroll and payment system can access the real-time quoting service, which gives them an estimate for employee benefits from multiple Canadian insurers. Read: What stops […]
The Public Sector Pension Investment Board reported a net return of 7.1 per cent at the end of its last fiscal year, ending March 31, 2019. The fund increased its overall assets under management by 9.7 per cent, jumping from $153.1 billion to $168 billion, including the $3.7 billion the fund received in net contributions. […]
Money matters are top of mind among North American employees, according to new research by Ceridian HCM Holding Inc. The research found workers in Canada and the U.S. are challenged by financial matters, with 80 per cent of North American workers saying they’re stressed about pay and money issues on a regular basis. Read: Pay equity problem persists […]
Hub International Ltd. is acquiring Porchlight Financial. Located in Vancouver, Porchlight Financial has been offering group retirement plan consulting for 25 years. It specializes in plan member advisory services, financial wellness programs, retirement lifestyle and income planning. “With the addition of Porchlight Financial, Hub continues to create a robust Canadian benefits and pension solution for our clients,” said Dave Terry, president and […]
The British Columbia Investment Management Corp., together with private equity firm Preservation Capital Partners, is investing in BMS Group Ltd., the U.K.-based brokerage arm of Minova Insurance Holdings Ltd. While the exact terms of the investment weren’t disclosed, the deal values BMS Group at £500 million, subject to regulatory approvals. “As an investor of patient capital, we seek […]
The Ontario government is combining two agencies to create one pension and financial services regulator aside from securities. As of June 8, the Financial Services Regulatory Authority of Ontario replaces the Financial Services Commission of Ontario and the Deposit Insurance Corp. of Ontario as an integrated, independent and self-funded regulator. Read: A look ahead at pension […]
Phzio Canada has signed an agreement with Benefits by Design Inc. and Green Shield Canada to launch a virtual physiotherapy pilot project. The partnership will enable BBD’s existing group benefits plan members to access Phzio’s tele-physiotherapy platform, which is available in Canada and the U.S. Green Shield Canada will support BBD in the launch of the […]
Health benefits and paid time off are among the top job perks Canadians are looking for when searching online for a new job, according to a new report by data analytics company SEMrush. The report found interest in workplace health benefits increased 129 per cent between 2016 and 2019, led by job searchers in Ontario and Alberta. It also found […]
The market value of Canadian trusteed pension fund assets decreased by 1.3 per cent in Q4 2018 compared to the previous quarter, landing at $1.87 trillion. Yet, on a year-over-year basis, the market value of assets rose by 1.6 per cent compared to the fourth quarter of 2017. The strongest area of growth was mortgage […]